Trade Between Countries That Is Without Restrictions Is Called

question 4

Multiple Choice

Trade between countries that is without restrictions is called

• A)unobstructed commerce.
• B)unabated trade.
• C)free trade.
• D)unencumbered trade.

---

Definitions:

Account Receivable

A financial record of the money owed to a business by its customers for goods or services delivered on credit.

Perpetual Inventory System

An inventory management system that updates item records continuously as transactions occur, providing a real-time view of inventory levels.

Merchandise Returned

Items sent back to the seller by the buyer due to defects, dissatisfaction, or other reasons, often part of a refunds or exchanges process.

FOB Destination

A shipping term indicating that the seller owns the goods in transit and is responsible for freight charges and any damage until the goods are delivered to the buyer’s location.